FEATURES

ELIGIBILITY

FEES & CHARGES

FAQS


What kind of customers are ideally suited to use Activ Current Account?

Activ Current account is best suited for merchants/traders, service providers & dukaandars, with local transactions and requirement of ME/MPOS/MEAPP, having turnover upto ₹ 50 lakhs


How much minimum AQB (Average Quarterly Balance) is required to be maintained for Activ Current Account?

AQB Requirement: ₹ 10,000/- (All Locations)


What are the non-maintenance charges (NMC) applicable when sufficient AQB is not maintained in the account?

NMC charges: ₹ 3,000/- per quarter (across all Locations)


What are the conditions for zero NMC charges?

An Activ Current Account customer may avail Zero NMC benefit in quarter subsequent to account opening quarter, if he/she is active on all 3 digital services (i.e. Net-Banking/ Mobile-Banking, Debit Card (ATM/ POS Txn) and Bill Pay) within first 2 months of account opening.

Additionally, the customer will enjoy Zero NMC if the credit throughput value through ME/MPOS/MEAPP in a quarter is ₹ 3 lakhs or more.


What are the key features / multiplier benefits of Activ Current Account?

  • Combined Cash Deposit (Anywhere in India) – 10 times of current account AMB* (Upper cap of ₹ 50 crores per month)

  • Cash Withdrawal (Non-Home Branch)- 10 times of current account AMB (Upper cap of ₹ 50 crores per month)

  • Cash Withdrawal is FREE at Home Branch

  • DD/ PO (Bank Location) – 30 DD/PO free for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 1000 DD/PO per month)

  • Cheque Leaves – Free 100 cheque leaves for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 2000 cheque leaves per month)

  • Total Transaction (includes count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions) – 150 transactions for every slab of ₹ 1 lakh of current month AMB balance maintained. (Upper Cap of 3000 transactions per month)

* AMB - Average Monthly Balance


What are the free limits for cash deposit?

An Activ Current Account customer enjoys multiplier benefits for cash deposit. The free limit offered is 10 times of current month AMB (Home + Non-home location). This is capped at a maximum of ₹ 50 crores per month.


What are the free limits for cash withdrawal?

Cash withdrawal is completely free for home branch. In case of non-home branch, customer is offered a free limit upto 10 times current month AMB; capped at a maximum of ₹ 50 crores per month.


What are the free limits for issuing DDs / POs?

  • DD/POs (Bank Location) – 30 DD/PO free for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 1000 DD/PO per month)

  • DD/POs (Correspondent Bank Location) – No free limits


How many free cheque leaves are offered per month?

Cheque Leaves – Free 100 cheque leaves for every slab of ₹ 1 lakh of current month AMB balance maintained (Upper Cap of 2000 cheque leaves per month)


What are the free limits for total transactions?

An Activ Current Account customer enjoys a free limit of 150 transactions for every slab of ₹ 1 lakh of current month AMB balance maintained. There’s an upper Cap of 3000 transactions per month.

(Note: Total Transactions include count of Cash Deposit, Cash Withdrawal, Cheque Clearing and Fund Transfer Transactions)


How are electronic transactions (NEFT/RTGS/IMPS) charged?

Activ Current account offers free NEFT/RTGS payments via both Net-banking/ Mobile-Banking and Branches.
IMPS charges on outgoing transactions (through NetBanking & MobileBanking) are as follows:

  • Upto ₹ 1000 : ₹ 3.5/- per transaction,

  • Above ₹ 1000 and upto ₹ 1 lakh: ₹ 5/- per transaction

  • Above ₹ 1 lakh and upto ₹ 2 lakhs: ₹ 15/- per transaction
    (charges exclusive of GST)


What are different ways to access bank account?

Bank anytime, anywhere in person at a branch or ATM, from your laptop or mobile. Click here for more details.